Nickel X says the project area is considered to have ‘excellent’ year-round access and is close to infrastructure and service centres.

As of 31 December 2023, the company had $1.934 million cash and cash equivalents at hand, according to its latest quarterly report.

Check the surface: Periodically stop the machine and check the surface of the material for smoothness and flatness. Adjust the depth of cut as necessary, and continue until you have achieved the desired finish.

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Meanwhile, the company completed a 1,700m reverse circulation (RC) drilling program at its Dalwallinu Nickel Copper Platinum Group Element Project, with evaluation of results ongoing.

Install the carbide lathe tool into the Fly Cutter, making sure that it is held firmly in place. Use a wrench to tighten the set screws and ensure that the tool is secure.

Clean up: When you have finished cutting, turn off the machine and clean up the work area. Remove the Fly Cutter and carbide lathe tool, and store them in a safe place.

According to the company, Elliot Lake is also close to electrical and water supplies, as well as the world’s ‘largest’ commercial uranium refinery at Cameco’s (NYSE:CCJ) Blind River.

The Australian explorer plans to target conglomerate-hosted uranium along the underexplored interpreted extensions to the historic ‘major’ uranium mining centre at Elliot Lake.

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By following these steps, you should be able to use a Fly Cutter (100m Head - 3/4" Straight Shank) 1/2" Slot with a carbide lathe tool to achieve a smooth and precise finish on your workpiece

Further, both companies will begin dialogue with key stakeholders, including relevant First Nations groups, in respect of any proposed work programs.

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Nickel X and uranium contractors from CSA Global and Southern Geoscience will seek to compile all available geological, geophysical, and geochemical data to define ‘high priority’ drill targets.

Drilling targeted 2 ‘high priority’ geophysical anomalies from the modelled moving loop electromagnetic (MLEM) and fixed loop electromagnetic (FLEM) bedrock conductions, as well as 4 ‘highest priority’ geochemical anomalies.

Start the machine: Turn on the milling machine and slowly move the Fly Cutter across the surface of the material you are cutting. Be sure to use a circular motion, and take your time.

Adjust the depth of cut: Adjust the depth of cut on the Fly Cutter so that the carbide lathe tool is just touching the surface of the material you are cutting. Be sure to take small cuts, as carbide is much harder than HSS and can easily break if you try to take too much material off at once.

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Nickel X (ASX:NKL) has snared 100% of the rights to 4 ‘highly prospective’ uranium targets, referred to as the Elliot Lake Uranium Project in Ontario, Canada.

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